has released its inaugural energy transition update since unveiling its Powering Progress strategy in 2021. At their Capital Markets Day in June 2023, they delineated how their strategy generates greater value with fewer emissions, with particular emphasis on the “greater value” aspect. In this energy transition update, they focus on how the same strategy yields “fewer emissions.”verified weekend media reports indicating its intention to divest from South Africa.
“Over more than 120 years in South Africa, Shell has built an enormous legacy that we can all be proud of. We have made a significant contribution to nation building by powering lives through our products and services, our people, promoting equity and inclusion, and making a positive impact on society through our social investment programs. We have also built one of South Africa’s most recognisable and loved brands.
The statement concludes by saying “During the divestment process, we will work to preserve Shell Downstream South Africa’s operating capabilities, maintain the Shell brand presence, and secure the best possible outcome for our people and customers in South Africa under new ownership.”Chief Executive Officer for Shell, Wael Sawan says “Energy has made an incredible contribution to human development, allowing many people around the world to live more prosperous lives.
Moreover, they are strategically advocating for policies that align with their commitment to the energy transition. This includes supporting national net-zero ambitions through measures such as carbon pricing. Additionally, Shell is prioritizing the provision of secure energy sources while also driving changes in consumer demand and promoting the growth of low-carbon solutions.© IT News Africa | All rights reserved.
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